SEMA News—October 2022

MARKET RESEARCH SNAPSHOT

Specialty-Equipment Retail Sales Reached Record $50.9 Billion in 2021

By SEMA Market Research

Specialty-Equipment Retail Sales ($ Billions)
Market Research

Overall consumer spending on our industry’s parts and accessories jumped 6.3% in 2021, pushing U.S. retail sales to a record $50.9 billion—its highest level ever.

For the first time ever, specialty-equipment retail sales in the United States have topped $50 billion. Overall consumer spending on parts and accessories jumped 6.3% last year, pushing our industry’s market size to a record $50.9 billion in 2021. Consumers continue to show that they love their cars and accessorizing them. Although there are some economic headwinds on the horizon, our forecast remains optimistic. Sales may slow a bit in 2022, but a drop is not expected. As we get further past the pandemic and resolve supply-chain issues, we expect a return to the growth levels seen over the last decade.

2021 Specialty-Equipment part Sales Share by Vehicle Segment
Market Research

The pickup continues to be a driving force for the industry. Pickup mods accounted for nearly one-third of parts and accessory sales. Pickups are great platforms for accessorization.

2021 Specialty-Equipment Retail Sales by Product category ($ Billions)
Market Research

The industry saw growth across a wide range of products in 2021. Accessory and appearance products remain strong. Performance mods also saw robust sales.

To learn more, download the new “2022 SEMA Market Report” today at www.sema.org/research.

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